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Real Estate Financial Planner LLC and James Orr and James Orr에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Real Estate Financial Planner LLC and James Orr and James Orr 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Are FHA Loans for Suckers?

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Manage episode 347701685 series 3375590
Real Estate Financial Planner LLC and James Orr and James Orr에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Real Estate Financial Planner LLC and James Orr and James Orr 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

You can purchase a property in Louisville, Kentucky using an FHA loan with just 3.5% down. Heck, sometimes you can even get down payment assistance to help with the 3.5% down payment.

But there are other loans with lower down payment options.

However, when you put less than 20% down, FHA loans require you buy insurance to protect the lender in case you default on the loan.

This insurance… called Mortgage Insurance Premiums (MIP) for FHA loans or the equivalent of Private Mortgage Insurance (PMI) on other types of loans… has both an upfront premium and a monthly premium.

And, with FHA loans this monthly premium NEVER goes away… even when you pay down the loan to well below 80% loan-to-value.

With this Mortgage Insurance Premium (MIP) that never goes away… does that mean that FHA loans are for suckers?!

Well… not so fast… in this class we will talk about the pros and cons of FHA loans and see if they’re really just a sucker’s loan or if Louisville real estate investors could utilize FHA loans in a beneficial way.

See the charts and watch the video version of this class:

https://realestatefinancialplanner.com/are-fha-loans-for-suckers/

Resources Mentioned In Class


Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Louisville real estate investor podcast? Book a free consultation to discuss.

  continue reading

101 에피소드

Artwork
icon공유
 
Manage episode 347701685 series 3375590
Real Estate Financial Planner LLC and James Orr and James Orr에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Real Estate Financial Planner LLC and James Orr and James Orr 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

You can purchase a property in Louisville, Kentucky using an FHA loan with just 3.5% down. Heck, sometimes you can even get down payment assistance to help with the 3.5% down payment.

But there are other loans with lower down payment options.

However, when you put less than 20% down, FHA loans require you buy insurance to protect the lender in case you default on the loan.

This insurance… called Mortgage Insurance Premiums (MIP) for FHA loans or the equivalent of Private Mortgage Insurance (PMI) on other types of loans… has both an upfront premium and a monthly premium.

And, with FHA loans this monthly premium NEVER goes away… even when you pay down the loan to well below 80% loan-to-value.

With this Mortgage Insurance Premium (MIP) that never goes away… does that mean that FHA loans are for suckers?!

Well… not so fast… in this class we will talk about the pros and cons of FHA loans and see if they’re really just a sucker’s loan or if Louisville real estate investors could utilize FHA loans in a beneficial way.

See the charts and watch the video version of this class:

https://realestatefinancialplanner.com/are-fha-loans-for-suckers/

Resources Mentioned In Class


Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Louisville real estate investor podcast? Book a free consultation to discuss.

  continue reading

101 에피소드

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